Gifts of Stock to The MountaineersGiving stock gifts can be a very smart approach to giving. You pay no capital gains tax (as long as the stock’s value has grown since you purchased it). Your gift has no impact on your immediate lifestyle. Plus, you can take a tax deduction.
Review your portfolio and select stock that (a) you’ve owned for more than a year, and (b) has appreciated in value. While you CAN donate stock that you’ve held for less than a year, you will only be able to deduct the amount you originally paid.
You may transfer securities (stocks, bonds, mutual funds) to The Mountaineers. Please notify Mary Hsue, Director of Development and Communications at The Mountaineers, of your plans to donate. She will then provide details regarding brokerage and account number. She will also notify you when the gift arrives and process the gift acknowledgement that you will need for your files.
Mountaineers tax ID number: 27-3009280
You may mail stock certificates to us. Send the UNENDORSED stock certificate and a signed stock power (available from your broker) in separate envelopes. Please also enclose a “gifting letter” that states:
– Your name
– The number of shares you are donating
– The name of the stock
– Your signature
– The date of submission
Address: The Mountaineers, 7700 Sand Point Way NE, Seattle, WA 98115
Of course, you may deliver stock certificates in person to The Mountaineers. Click here for directions.
NOTE: Keep records of all transactions for tax purposes. Your accountant or lawyer can help you if you have any questions or need assistance. The gift is complete on the date the actual transfer is made.